Grasim stock tips tomorrow
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Check out latest news on Grasim Inds and with the help of it predict Grasim stock tips tomorrow.
Grasim technical chart indicates that stock currently witnessing selling pressure.
Stock witnessed selling from trend line resistance + after forming Doji candle pattern.
Check out Grasim technical chart below.
Also See : BEML Stock Tips Tomorrow : Stock witnessing selling from resistance, stock can see further weakness tomorrow.
Grasim Inds Q2 may see a dip of 43% yoy to Rs. 624.70 cr
Grasim Inds is expecting to come out with its results and India`s one of the biggest brokerage firm Kotak has come out with is expectation for its July – September 2019 earning.
The Brokerage house expects Grasim Inds to report net profits at Rs. 624.7 cr down 43% yoy. Net sales are expected to decrease by 1.7% yoy to Rs. 5032.4 cr.
On another news share price of Grasim Industries on 24th October 2019 witnessed selling pressure after a news that Supreme Court upheld the definition of adjusted gross revenue provided by the department of telecommunications (DOT), this means that operators have to pay the government Rs. 92000cr in past dues.
The order is a huge blow to private telecom companies, who are already running losses for the past many quarters and are no not showing sign of making any money in the near future.
After this news Vodafone slips 22% but Bharti Airtel gains 3%.
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